SiN #56 – $1.7 Trillion
That is the value of all the transactions conducted on major crypto exchanges in April 2021. Compared to less than $100 Billion in April 2020, it is a 1600% rise in a year, and a 42% increase from $1.2 Trillion…
The Snippets Journal
Insightful Snippets From The World of Business, Finance and Tech.
The Snippets Journal
Insightful Snippets From The World of Business, Finance and Tech.
Category Finance
SiN #54 – 73.8%
That is the short-term interest rate of Venezuela as of March 2021. During the pandemic most of the countries lowered their interest rates as much as possible to enable cash flows. For example, USA‘s is as low as near zero!…
SiN #49 – 42
That is the total number of BSE companies that have a market-cap of Rs 1 lakh crore or more year to date in 2021 as against 29 at the end of 2020. That is a 44% increase over a period…
SiN #47 – $1.7 Billion
For the first 3 months of 2021, Uber generated $3.5 Billion in revenue. Of that, $1.7 Billion(about 50%) came from food delivery. Compared to the same three months last year, it is a 230% increase.
SiN #44 – $315 Billion
That is how much Alibaba CEO Jack Ma led Ant Group was valued in October 2020 before its failed IPO. At that valuation, it was worth more than the GDP of Egypt, Chile or Finland, 3x bigger than tech giant IBM…
SiN #42 – $2.6 Billion
The Norway’s state-owned oil producer, Equinor ASA posted more than $2.6 billion of earnings in the first quarter of 2021, 49% of which was from renewable energy.
SiN #40 – 70% to 46%
Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko. This comes amidst the rise in the value and units…
SiN #38 – 80%
Last week, in its first quarter earnings call, Amazon revealed that its capital expenditures, increased a whopping 80% YoY! This is mainly to improve its logistics capability as it aims to have complete control over its logistics operations and rely…
SiN #37 – $5 Billion
Verizon agreed to sell 90% of its digital media unit, which includes Yahoo and AOL, to Apollo Global Management for $5 billion. That comes as a downer considering the fact that it paid almost $4.5 billion(AOL in 2015 for $4.4 billion & Yahoo for…
SiN #33 – $10.8 Billion
That is how much the family of Samsung Group’s former Chairman Lee Kun-hee has to pay as inheritance tax to the Government after his demise last October. The sum is almost half of Mr. Lee’s estate. At 50%, South Korea…